N.Y. State Finance Law Section 92-B
Stock transfer tax fund


1.

There is hereby established in the custody of the commissioner of taxation and finance a special fund, to be known as the stock transfer tax fund.

2.

Such fund shall consist of the revenues derived from the stock transfer tax imposed by article twelve of the tax law and all other moneys credited or transferred thereto from any other fund or source pursuant to law.

3.

The moneys received from such tax and other sources in such fund, after deducting the amount the commissioner of taxation and finance shall determine to be necessary for reasonable costs of the state tax commission in administering, collecting and distributing such tax, commencing with the fiscal year ending March thirty-first, nineteen hundred seventy-seven, shall be appropriated to (i) the municipal assistance corporation for the city of New York created pursuant to title three of article ten of the public authorities law in order to enable such corporation to fulfill the terms of any agreements made with the holders of its notes and bonds and to carry out its corporate purposes including the maintenance of the capital reserve fund and (ii) to the extent such moneys are not required by such corporation as provided in subdivision seven of § 92-D (Municipal assistance tax fund)section ninety-two-d of this chapter and, after deducting the amount such commissioner shall determine to be necessary for reasonable costs of the state tax commission in administering and making distributions in accordance with the provisions of Tax Law § 280-A (Rebate for stock transfer tax paid)section two hundred eighty-a of the tax law from the stock transfer incentive fund, to the stock transfer incentive fund created pursuant to § 92-I (Stock transfer incentive fund)section ninety-two-i of this chapter to enable rebates to be made from such fund under the provisions of Tax Law § 280-A (Rebate for stock transfer tax paid)section two hundred eighty-a of the tax law and (iii) to the extent such moneys are not required by such fund, as certified by the commissioner of taxation and finance, the balance shall be appropriated to the city of New York, for the support of local government.

4.

After the deduction of such costs of the state tax commission in administering, collecting and distributing such tax, the balances in the stock transfer tax fund so appropriated shall be distributed and paid on the last business day of September, December, March and June into the special account established for the municipal assistance corporation for the city of New York in the municipal assistance tax fund established pursuant to subdivision one of § 92-D (Municipal assistance tax fund)section ninety-two-d of this chapter, unless and to the extent the balances in such fund on each such payment day are not required by such corporation as provided in said subdivision seven of said section ninety-two-d in which case the balance not so required, if any, after the deduction of such costs of the state tax commission in administering and making distributions in accordance with the provisions of Tax Law § 280-A (Rebate for stock transfer tax paid)section two hundred eighty-a of the tax law from the stock transfer incentive fund shall be distributed and paid to the stock transfer incentive fund in the custody of the commissioner of taxation and finance established pursuant to § 92-I (Stock transfer incentive fund)section ninety-two-i of this chapter and unless and to the extent that the balances in the stock transfer tax fund on each such payment day are not required by the stock transfer incentive fund as provided in such § 92-I (Stock transfer incentive fund)section ninety-two-i of this chapter in which case the balance not so required, if any, shall be distributed and paid to the chief fiscal officer of the city of New York to be paid into the treasury of the city to the credit of the general fund or paid by the commissioner of taxation and finance to such other account or fund as may be designated in writing by such chief fiscal officer at least ten business days prior to such last day and on each such day, the commissioner of taxation and finance shall certify to the comptroller the amount deducted for administering, collecting and distributing such tax during such quarterly period and shall pay such amount into the general fund of the state treasury to the credit of the state purposes fund therein. In no event shall any amount (other than the amount to be deducted for administering, collecting and distributing such tax) be distributed or paid from the stock transfer tax fund to any person other than the municipal assistance corporation for the city of New York unless and until the aggregate of all payments certified to the comptroller as required by such corporation in order to comply with its agreements with the holders of its notes and bonds and to carry out its corporate purposes, including the maintenance of the capital reserve fund, which remain unappropriated or unpaid to such corporation shall have been appropriated to such corporation and shall have been paid in full provided, however, that no person, including such corporation or the holders of its notes or bonds shall have any lien on such tax and such agreements shall be executory only to the extent of the balances available to the state in such fund. If the balances in such fund are not required by such corporation pursuant to the provisions of this subdivision, on each such last business day of September, December, March and June, the commissioner of taxation and finance shall certify to the comptroller the amount deducted for administering and making distributions in accordance with the provisions of Tax Law § 280-A (Rebate for stock transfer tax paid)section two hundred eighty-a of the tax law from the stock transfer incentive fund during such quarterly period and he shall pay such amount into the general fund of the state treasury to the credit of the state purposes fund therein. To the extent such moneys are not required by such corporation, as provided in subdivision seven of § 92-D (Municipal assistance tax fund)section ninety-two-d of this chapter, no amount thereof (other than such amount to be deducted for administering, collecting and distributing such tax and such costs in administering and making distributions in accordance with the provisions of Tax Law § 280-A (Rebate for stock transfer tax paid)section two hundred eighty-a of the tax law from the stock transfer incentive fund) shall be distributed or paid from the stock transfer tax fund other than to such stock transfer incentive fund in the custody of the commissioner of taxation and finance unless and until the aggregate of all payments certified to the comptroller by such commissioner pursuant to the provisions of such incentive fund as necessary to provide payments on account of rebates authorized pursuant to Tax Law § 280-A (Rebate for stock transfer tax paid)section two hundred eighty-a of the tax law which remain unappropriated or unpaid to such fund shall have been appropriated to such fund and shall have been paid in full provided, however, that no person, including any taxpayer under article twelve of the tax law or any member or dealer referred to in subdivisions two-a and six of section two hundred eighty-a of such law, shall have any lien on this fund or the stock transfer incentive fund.

5.

In no fiscal year shall the total amount paid from the fund exceed the total collections during such fiscal year from the stock transfer tax pursuant to the provisions of article twelve of the tax law and as deposited to the credit of the stock transfer tax fund.

6.

All payments from the stock transfer tax fund shall be made on the audit and warrant of the comptroller on vouchers approved by the commissioner of taxation and finance.

7.

When all the notes and bonds of the municipal assistance corporation for the city of New York have been fully paid and discharged, together with interest thereon and interest on unpaid installments of interest, and the chairman of the corporation makes the final certification required by subdivision seven of § 92-D (Municipal assistance tax fund)section ninety-two-d of this article, the comptroller must notify the commissioner of taxation and finance that all remaining funds held in the stock transfer tax fund must be released to the stock transfer incentive fund. From that time forward, all funds previously deposited in the stock transfer tax fund pursuant to subdivision two of this section will be deposited directly into the stock transfer incentive fund pursuant to all the rules, regulations or instructions that the commissioner may prescribe, after deducting the amount the commissioner determines to be necessary for reasonable costs of the department in administering, collecting and distributing the tax imposed by article twelve of the tax law. Notwithstanding any other provisions of this article, to the extent those moneys are not required by the stock transfer incentive fund for the purpose of administering and making distributions in accordance with the provisions of Tax Law § 280-A (Rebate for stock transfer tax paid)section two hundred eighty-a of the tax law, as certified by the commissioner of taxation and finance, the balance will be appropriated to the city of New York for the support of local government.

Source: Section 92-B — Stock transfer tax fund, https://www.­nysenate.­gov/legislation/laws/STF/92-B (updated Sep. 22, 2014; accessed Jul. 6, 2024).

70
Classification of funds
71
Abolition, maintenance and establishment of funds
71‑A
Funds established by law
71‑B
Expenditure of check-off monies
72
General fund
73
Federal interest subsidy payments
74
Transportation infrastructure renewal fund
75
Establishment of accounts
76
Rail preservation and development fund
77
Accelerated capacity and transportation improvements fund
78
New York state college choice tuition savings program trust fund
78‑A
New York higher education loan program variable rate default reserve fund
78‑B
New York higher education loan program fixed rate default reserve fund
79
World Trade Center memorial foundation fund
80
Real estate finance bureau fund
80‑A
Anti-discrimination in housing fund
81
Veterans’ home assistance fund
82
Gifts to food banks fund
83
Conservation fund
83‑A
Habitat conservation and access account
84
The United States Olympic Committee/Lake Placid Olympic Training Center Fund
84‑A
Olympic games guaranty fund
88
New York state infrastructure trust fund
88‑A
Mass transportation operating assistance fund
88‑B
Suburban transportation fund
88‑D
Airport improvement and revitalization fund
89‑B
Dedicated highway and bridge trust fund
89‑C
Dedicated mass transportation trust fund
89‑D
Motor vehicle theft and insurance fraud prevention fund
89‑E
Alzheimer’s disease assistance fund
89‑F
Workers’ compensation security fund payment account
89‑G
Accident prevention course internet, and other technology pilot program fund
89‑H
Medical cannabis trust fund
89‑I
Military family relief fund
89‑J
The school bus motorist education fund
89‑J*2
Substance use disorder education and recovery fund
89‑K
Diabetes research and education fund
90
New York state department of transportation highway safety program fund
90‑A
New York state passenger facility charge fund
91
Transportation safety account
91‑A
Revenue arrearage account
91‑B
Boating noise level enforcement fund
91‑C
Special offset fiduciary account
91‑D
Recruitment incentive and retention account
91‑F
Adult home quality enhancement fund
91‑G
Senior wellness in nutrition fund
92
Tax stabilization reserve fund
92‑AA
Special school purpose school aid
92‑B
Stock transfer tax fund
92‑BB
Waste management and cleanup fund
92‑C
State lottery fund
92‑CC
Rainy day reserve fund
92‑D
Municipal assistance tax fund
92‑DD
Health care reform act (HCRA) resources fund
92‑E
Municipal assistance state aid fund
92‑EE
New York state higher education endowment
92‑F
Special sales and compensating use tax fund for the city of Yonkers
92‑FF
Metropolitan transportation authority financial assistance fund
92‑G
Motorcycle safety fund
92‑GG
Charitable gifts trust fund
92‑GG*2
Subway assistance fund
92‑H
Sales tax revenue bond tax fund
92‑HH
Health care transformation fund
92‑I
Stock transfer incentive fund
92‑II
Metropolitan transportation authority capital assistance fund
92‑JJ
Metropolitan transportation authority paratransit assistance fund
92‑N
Snowmobile trail development and maintenance fund
92‑P
Voting machine and system examination fund
92‑Q
Housing assistance fund
92‑Q*2
The institute for the Hudson River Collection fund
92‑R
Local government assistance tax fund
92‑S
Environmental protection fund
92‑T
New York state campaign finance fund
92‑U
New York state canal system development fund
92‑V
Linked deposit program fund
92‑W
Missing and exploited children clearinghouse fund
92‑X
Tobacco settlement fund
92‑Z
Revenue bond tax fund
93
Capital projects fund
93‑A
New York state storm recovery capital fund
93‑B
Dedicated infrastructure investment fund
94
Court facilities incentive aid fund
94‑A
New York city county clerks’ operations offset fund
94‑B
Judiciary data processing offset fund
95
Abandoned property fund
95‑A
New York state innovation in breast cancer early detection and research awards program fund
95‑B
The New York state “drive out diabetes research and education fund”
95‑C
The marine and coastal district of New York conservation, education, and research fund
95‑D
The New York state “multiple sclerosis research fund”
95‑D*2
“Life pass it on trust fund”
95‑E
New York State prostate and testicular cancer research and education fund
95‑E*2
The New York state autism awareness and research fund
95‑F
The New York state water rescue team awareness and research fund
95‑F*2
The Eighth Air Force Historical Society fund
95‑G
Department of motor vehicles distinctive plate development fund
95‑H
Mental illness anti-stigma fund
95‑I
New York state ALS research and education fund
95‑J
The New York state two hundred fiftieth commemoration commission fund
95‑K
Transgender and non-binary (TGNB) wellness and equity program fund
95‑K*2
Lyme and tick-borne diseases education, research and prevention fund
96
The World Trade Center memorial scholarship fund
97
Housing debt fund, and urban renewal debt fund
97‑A
Environmental quality protection fund
97‑AA
The New York state “Discover Queens fund”
97‑AAA
Clean water/clean air bond fund
97‑AAAAA
Opioid stewardship fund
97‑B
Hazardous waste remedial fund
97‑BB
Criminal justice improvement account
97‑BBB
Clean water/clean air fund
97‑C
Training and education program on occupational safety and health fund
97‑CC
Municipal gun buyback program fund
97‑CCCC
Interest assessment surcharge fund
97‑CCCC*2
Vital records management account
97‑CCCC*3
Tobacco revenue guarantee fund
97‑CCCC*4
Erie canal museum fund
97‑D
Environmental quality bond act fund
97‑DD
Eminent domain account
97‑DDD
Federal single audit chargeback account
97‑DDD*2
Drinking water program management and administration fund
97‑DDD*3
Education archives account
97‑DDDD
Community mental health support and workforce reinvestment account
97‑E
Forest preserve expansion fund
97‑EE
New York Great Lakes protection fund
97‑EEE
Clean water/clean air implementation fund
97‑EEE*2
Education library account
97‑EEEE
Rebuild and renew New York transportation bond fund
97‑EEEE*2
Cultural resource survey account
97‑EEEE*3
Federal-state health reform partnership program account
97‑F
Mental health services fund
97‑FF
Empire state entertainment diversity job training development fund
97‑FFF
Summer school of the arts account
97‑G
Centralized services fund
97‑GG
Division for youth facilities improvement fund
97‑GGG
Teacher certification program account
97‑GGGG
Medicaid training contract account
97‑H
Lake George park trust fund
97‑HH
Tuition reimbursement fund
97‑HHH
High school equivalency account
97‑HHHH
The student lending education account
97‑I
New York state local government records management improvement fund
97‑III
Indirect cost recovery account
97‑IIII
Patient safety center account
97‑J
Firearm violence research fund
97‑JJ
Industrial and utility service account
97‑JJ*2
Not-for-profit short-term revolving loan fund
97‑JJJ
Rome school for the deaf account
97‑JJJJ
Education assessment account
97‑K
Minority and women-owned business enterprise fund
97‑KK
Local services account
97‑KKK
Batavia school for the blind account
97‑KKKK
Intervenor account
97‑L
Sewage treatment program management and administration fund
97‑LL
Improvement of real property tax administration account
97‑LLL
Vocational rehabilitation fund
97‑LLLL
Interstate reciprocity for post-secondary distance education account
97‑LLLL*2
Women’s cancers education and prevention fund
97‑MM
State park infrastructure fund
97‑MM*2
State police motor vehicle law enforcement account
97‑MMM
Archives records management account
97‑MMMM
Veterans remembrance and cemetery maintenance and operation fund
97‑NN
Pet cemetery and pet crematorium inspection and licensing fund
97‑NN*2
World University Games Fund
97‑NN*3
“I love NY waterways” fund
97‑NNN
Office of the professions account
97‑NNNN
Commercial gaming revenue fund
97‑OO
Biodiversity stewardship and research fund
97‑OO*2
Clean air fund
97‑OOO
Department of corrections and community supervision asset forfeiture account
97‑OOOO
Basic health program trust fund
97‑OOOO*2
Smart schools bond fund
97‑P
Community college tuition and instructional income fund
97‑PP
New York state emergency services revolving loan account
97‑PPP
Education museum account
97‑PPPP
Lupus research and education fund
97‑PPPP*2
Sickle cell disease research and education fund
97‑Q
New York state emergency medical services training account
97‑QQ
Statewide public safety communications account
97‑QQQ
Automation and printing chargeback account
97‑QQQQ
Cystic fibrosis research and education fund
97‑R
State cemetery vandalism restoration, monument repair or removal and administration fund
97‑RR
Pet dealer licensing fund
97‑RRR
School tax relief fund
97‑RRR*2
Debt reduction reserve fund
97‑RRRR
Lupus education and prevention fund
97‑S
Nelson A
97‑SSS
Charter schools stimulus fund
97‑SSSS
Leukemia, lymphoma and myeloma research, education and treatment fund
97‑SSSS*2
Elevator and related conveyances safety program account
97‑T
Lawyers’ fund for client protection of the state of New York
97‑TT
Intervenor account
97‑TTT
Federal revenue maximization contract fund
97‑TTTT
Clean water, clean air, and green jobs bond fund
97‑UU
Legislative computer services fund
97‑UUU
Tax revenue arrearage account
97‑UUU*2
Transportation infrastructure bond fund
97‑V
The New York interest on lawyer account (IOLA) fund
97‑V*2
New York state musical instrument revolving fund
97‑VV
Senate recyclable materials, information services and conference fund
97‑VVV
Universal prekindergarten reserve fund
97‑W
Chemical dependence service fund
97‑WW
Assembly recyclable materials, information services and conference fund
97‑WWW
Cuba lake management fund
97‑WWW*2
Quality child care and protection fund
97‑WWW*3
Underground facilities safety training account
97‑WWW*4
Consumer protection account
97‑WWW*5
Percy T
97‑X
Statewide planning and research cooperative system
97‑XX
Animal population control fund
97‑XXX
Additional mass transportation assistance fund
97‑XXX*2
Agriculture in the classroom fund
97‑XXXX
State health innovation plan account
97‑Y
Business and licensing services account
97‑YY
Breast cancer research and education fund
97‑YYY
Children and family services quality enhancement fund
97‑YYY*2
Domestic violence awareness fund
97‑YYYY
Arts fund
97‑Z
Arts capital grants fund
97‑ZZ
Federal revenue maximization contract fund
97‑ZZZ
Cultural education account
98
Investment of state funds
98‑A
Investment of general funds, bond proceeds, and other funds not immediately required
98‑B
Indigent legal services fund
98‑C
Legal services assistance fund
98‑D
1332 state innovation program fund
99
Withholding of state assistance upon default in payment of bonds held by the state
99‑A
Justice court fund
99‑AA
Retiree health benefit trust fund
99‑B
Withholding of state aid for school purposes upon default in payment of obligations of the prospective recipient
99‑BB
Armory rental account
99‑BB*2
Parking services fund
99‑BB*3
New York state secure choice administrative fund
99‑BB*4
SUNY Stony Brook Eastern Long Island Hospital Affiliation escrow fund
99‑BB*5
School-based health centers fund
99‑C
Withholding of state aid upon failure of municipalities and school districts to repay health insurance reserve receipts when required
99‑CC
Solid waste fund
99‑D
City university stabilization account
99‑D*2
Community projects fund
99‑DD
Special events fund
99‑E
State university stabilization account
99‑EE
Down’s syndrome research fund
99‑F
Spinal cord injury research trust fund
99‑FF
Parks retail stores fund
99‑FF*2
New York central business district trust fund
99‑GG
Golf fund
99‑H
Tribal-state compact revenue account
99‑H*2
Teacher education accreditation account
99‑HH
Criminal justice discovery compensation fund
99‑HH*2
Public health emergency charitable gifts trust fund
99‑HH*3
Endangered and threatened species mitigation bank fund
99‑HH*4
Behavioral health parity compliance fund
99‑I
Racing regulation account
99‑II
New York state cannabis revenue fund
99‑J
Child performer’s protection fund
99‑JJ
New York state drug treatment and public education fund
99‑K
Child performer’s holding fund
99‑KK
New York state community grants reinvestment fund
99‑L
Assisted living residence quality oversight fund
99‑L*2
Love your library fund
99‑LL
New York state council on the arts cultural programs fund
99‑MM
Emergency rental assistance municipal corporation allocation fund
99‑N
Highway construction and maintenance safety education fund
99‑NN
Opioid settlement fund
99‑O
Arts institutions revolving loan fund
99‑OO
Pharmacy benefit manager regulatory fund
99‑P
Empire state stem cell trust fund
99‑PP
Background check fund
99‑PP*2
Agricultural and farmland viability protection fund
99‑PP*3
Animal shelter regulation fund
99‑Q
Volunteer firefighting and volunteer emergency services recruitment and retention fund
99‑QQ
Hazard mitigation state revolving loan fund
99‑QQ*2
New York climate action fund
99‑RR
Healthcare stability fund
99‑RR*2
Air quality improvement fund
99‑S
Youth facility per diem account
99‑T
New York state medical indemnity fund account
99‑U
New York state gaming commission account
99‑U*2
New York state teen health education fund
99‑V
Mortgage settlement proceeds trust fund
99‑V*2
Homeless veterans assistance fund
99‑W
Transit assistance for capital investments fund
99‑W*2
SUNY DSRIP escrow fund
99‑X
New York achieving a better life experience (NY ABLE) savings program trust fund
99‑Y
SUNY Stony Brook Affiliation escrow fund
99‑Y*2
Health republic insurance of New York fund
99‑Y*3
Highway use tax administration account
99‑Z
Cure childhood cancer research fund

Accessed:
Jul. 6, 2024

Last modified:
Sep. 22, 2014

§ 92-B’s source at nysenate​.gov

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